Which cryptocurrency do you use for gambling frequently? - page 4.

Nadziratel

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Quote from: Bezobraznike on March 24, 2020, 05:24:49 AM

Doge is my favorite alt-coin for gambling. Low value, very low minimal bets, I don't risk much! For betting on sport usually I bet with
Bitcoin! I tried some other alt-coins for playing dices and other lucky games, but Doge is the best for me! I wanted to try gambling
with Tron, but minimal bets there are like 10 TRX, more or less, it's expensive for me and I can't gamble relaxed!

Which platform are u using for gambling with Doge? There is not much choices gambling with Dogecoin.
Usually you can BTC and ETH in gambling platforms.

Polar91

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Quote from: Nadziratel on March 21, 2020, 02:43:50 AM

I think we need to completely separate the crypto money we buy for investment and the crypto money we use for gambling. Personally, from this point on, I will use as many USDTs as possible for gambling.

Alternatively, you may gamble the same currency with your investment by using differnt wallet. Through this way, you couldn't be able to abuse your reserved capital for your investment. Also, it's less hassle for you if every you hit the jackpot as withdrwing it into fiat wouldn't be a problem as you may transfer it to your main wallet. I myself is currently using XRP and BTC for gambling and investment. I couldn't insist using XRP as they cost less fee and faster also.

Bezobraznike

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Doge is my favorite alt-coin for gambling. Low value, very low minimal bets, I don't risk much! For betting on sport usually I bet with
Bitcoin! I tried some other alt-coins for playing dices and other lucky games, but Doge is the best for me! I wanted to try gambling
with Tron, but minimal bets there are like 10 TRX, more or less, it's expensive for me and I can't gamble relaxed!

verita1

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I have seen users who use USDTs in times like this that volatility is very frequent so that they can invest with a stable currency.
The reason to set aside money for gambling is a good method.
I also think about how the Casinos are closed, gambling online will be a good option. However, we must play with caution due to the instability of the crypto price.

peter0425

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Well i am not playing since this corona Virus Hit our country and the Quarantine take effect but what i will use this season of crisis and much fall from the crypto prices?no other than Dogecoin and Ethereum because these are the cheapest Fees for me and what i did use after Bitcoin Hit the max value in 2017.

Ziskinberg

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I go with the majority, and I believe that majority of gamblers are using bitcoin when gambling in a casino.
As of now, the transaction fee is really high if you want to make your transaction faster, but I get used to that, the key here is just not to transact regularly.
What I did is just I just deposit in a gambling site, make some target profit, then if lucky withdraw it.

Meowth05

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I don't have problem with bitcoin as my currency used for gambling, less hassle when I want to convert it back to USD. I agree with separating my funds for investment and gambling in that way you will not accidentally use all your funds, but I don't think that people will do these especially if they are compulsive gambler.

imstillthebest

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yes that must be done before . before we start gambling its always a wise idea to allocate your funds ,one for gambling and other are for your other needs and dont ever touch those funds if ever you loose on your gambling session .

to the question that if what coins i like to use when gambling , that will be btc because value is now cheap and its faster to use btc nowadays but i dont feel gambling my btc if its pumping

Swordsoffreedom

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I can't go to local casino for coronavirus outbreak in my country, So now a days I'm gambling on online. At local casinos I always use fiat currency, I usually use bitcoin for online gambling, But on some websites I use ETH too.

maydna

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Quote from: Kelvinid on March 23, 2020, 07:55:28 PM

Quite sometimes I used ETH but mostly I used Bitcoin since from the day I tried gambling. I often confident of using them both knowing that most gambling sites are only accepting Bitcoin and so we have no option but to use it instead. Even though Bitcoin's price is low but still, I'm using it no matter how it cost.
But because of the global market issue that we've been facing today, I have to limit my bet.

If the bitcoin price is rising more than $10,000, I think it is not good to gamble using bitcoin because when we play gambling, the chance to get lost will wide open. So imagine if you use 0.01 Qbtc for gamble and suddenly, you lose all of the bitcoin, that will make us lose in a large amount although for some people, losing 0.01 btc is okay. I prefer to use altcoin like ethereum, litecoin, dogecoin, or else to gamble because the value of the altcoin is not the same as bitcoin, so that will not makes me sad if I lose all of the amounts. But I always limit my bet as you because I don't want to see I've got lost in one day, and I still want to use that money for gambling in another day.

leowonderful

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I almost always gamble with Bitcoin now. I used to have a pretty large assortment of cryptocurrencies almost exclusively for use with gambling after the large spike in transaction cost we had a while back, but I don't foresee any sort of major mempool backup or rise in transaction price on the main Bitcoin blockchain anytime in the future, so I've since cut out most of those cryptocurrencies.

It's definitely true that Bitcoin can have wild price swings, but so can any other altcoin because the crypto market tends to move with Bitcoin and in unison in general. There's plenty of other faster cryptocurrencies out there, but Bitcoin's been around for so long and has been so reliable I don't see any major advantages to using others.

n0ne

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My preference is ethereum, because it is the one that gave me big wins. After the wallet got emptied I moved to bitcoin, further my attention changed to ripple and this continues in an alternative manner. It is all about the availability, and these days every gambling website gives access to more number of cryptocurrency which makes the gamblers feel comfortable. Earlier as bitcoin and ethereum was used much, people used to convert for spending which itself costs them. Now few gambling websites have providing switching of bitcoin to ethereum and other cryptocurrencies as well.

Kelvinid

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Quite sometimes I used ETH but mostly I used Bitcoin since from the day I tried gambling. I often confident of using them both knowing that most gambling sites are only accepting Bitcoin and so we have no option but to use it instead. Even though Bitcoin's price is low but still, I'm using it no matter how it cost.
But because of the global market issue that we've been facing today, I have to limit my bet.

darewaller

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Quote from: chaser15 on March 23, 2020, 05:10:56 PM

Quote from: RealMalatesta on March 23, 2020, 03:59:12 PM

I am still sticking with bitcoin based gambling for no big reasons. Recently I have deposited 0.05BTC into freebitcoin for gaining daily interest but that transaction took more than 2 days to get first confirmation even I had included more fee than what electrum suggested.

Seriously 2 days? The network is not clogged at the moment or even recently.

Or maybe that amount wasn't reflected right away in the freebitco.in and you just think it was stuck for more than 2 days.

I'm amazed you take the risks of putting BTC0.05 on that site just to achieve that 547 satoshis daily interest for a total of 0.00204025 annual interest.

I guess there will be no risk involved with that gambling house because they are serving us since 2013 and enabling us to make some bitcoins even without gambling. But, personally I will not deposit 0.05BTC with them for the reason of gaining daily interest. With the respect to current bitcoin prices, that must be very big money (even bitcoin prices are lower now a days compared to what we had some 10 days back).

Unlike most other crypto based gambling houses, freebitco.in is not providing any other cryptocurrencies for gambling with them. They are sticking with only bitcoins. This must be another reason, we must support them.

chaser15

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Quote from: RealMalatesta on March 23, 2020, 03:59:12 PM

I am still sticking with bitcoin based gambling for no big reasons. Recently I have deposited 0.05BTC into freebitcoin for gaining daily interest but that transaction took more than 2 days to get first confirmation even I had included more fee than what electrum suggested.

Seriously 2 days? The network is not clogged at the moment or even recently.

Or maybe that amount wasn't reflected right away in the freebitco.in and you just think it was stuck for more than 2 days.

I'm amazed you take the risks of putting BTC0.05 on that site just to achieve that 547 satoshis daily interest for a total of 0.00204025 annual interest.

boltz

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I have always used Sportbets since 2016 and never had a problem with them. They have a lot of offers ( even during this hard times they bring new offers for us to keep us entertained ), the interface is smooth and easy to use, deposits and withdrawals are instantly and they have a live support which most of the gambling sites are not offering. Go give it a try, I'm sure you will like it.

RealMalatesta

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Quote from: LbtalkL on March 23, 2020, 11:39:09 AM

I prefer cryptocurrency with much lesser fees when sending a transaction and fast confirmations like ETH, TRX, XLM and similar cryptocurrency as long as the gambling platform supports those currencies I will use it. For the time being BTC blockchain is not that fast enough unless you modify the transaction fees and pay more fees than usual.

It is really bad for bitcoin when people are switching over to the cryptocurrency due to the reason of high transaction fee and long time required for confirmations. Because, I do study gambling industry is providing big volume in day-to-day transactions of bitcoins but bitcoin foundation must need to improve something other than what we had in segwit. I believed lightening network will provide some big changes but gambling houses are taking time to adopt it which gives room for gambling houses and gamblers to adopt some of the cryptocurrency.

I am still sticking with bitcoin based gambling for no big reasons. Recently I have deposited 0.05BTC into freebitcoin for gaining daily interest but that transaction took more than 2 days to get first confirmation even I had included more fee than what electrum suggested.

South Park

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Quote from: Nadziratel on March 21, 2020, 02:43:50 AM

With the retreat in the price of Bitcoin, this question started to come to my mind. I personally mostly like trading with ETH. I think both liquidity and mobility are faster. However, as a result of the price decrease experienced in the previous weeks, we have seen that the balances we tried to earn are rapidly melting against the USD.

If you are worried about that then use less BTC or ETH to gamble, in times like this it is important to reduce our expenses and even if gambling is really fun it is a good idea to reduce the time and money you spend on it.

Quote from: Nadziratel on March 21, 2020, 02:43:50 AM

I think we need to completely separate the crypto money we buy for investment and the crypto money we use for gambling. Personally, from this point on, I will use as many USDTs as possible for gambling.

This is a strategy that professional gamblers use, they have separated accounts for the money they need to pay for the stuff they need, their investments and their gambling activities and they never mix them or they will have the temptation to try to use money they really need to keep gambling and that will lead you to ruin.

DoublerHunter

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Quote from: White Christmas on March 23, 2020, 11:56:58 AM

~snip~
Everyone prefer the lesser fees on sending cryptocurrency ...

^ Definitely right, probably the most frequently they used is altcoins because of the transaction fees when you are transferring your cryptocurrency on the gambling platform wallet. But there are some gamblers who like to use Bitcoin in gambling, just like my friend. He said that it is good because Bitcoin is very volatile and at the same, you will also earn profit by that. Nevertheless, I encourage everyone to use Bitcoin, because it will help also to increase the price of the market. If everyone using Bitcoin it means the demand will increase that makes price growing up.

White Christmas

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Quote from: LbtalkL on March 23, 2020, 11:39:09 AM

I prefer cryptocurrency with much lesser fees when sending a transaction and fast confirmations like ETH, TRX, XLM and similar cryptocurrency as long as the gambling platform supports those currencies I will use it. For the time being BTC blockchain is not that fast enough unless you modify the transaction fees and pay more fees than usual.

Everyone prefer the lesser fees on sending cryptocurrency and maybe because the main reason is just the lower the was the big amount of money they can transfer to the websites so that it would be not become a hassle and not consider a loss, just for example if the gambling website has been issuing very high amount of fees on transferring cryptocurrency then probably it would be really hard to attract gamblers because the fees was really to expensive and high.

Topic: Which cryptocurrency do you use for gambling frequently? - page 4. (Read 628 times)